Bacanora Announces Entering into an Arrangement Agreement to Facilitate its Proposed Re-Domicile to the UK

Bacanora Minerals Ltd_

Calgary, Alberta (FSCwire) – Bacanora Minerals Ltd. (the “Company” or “Bacanora Canada“) (TSX-V: BCN and AIM: BCN), the London and Canadian listed lithium company, announces that, further to its announcement released on 9 February 2018, it has entered into an arrangement agreement made effective February 16, 2018 (the “Arrangement Agreement“) between the Company, Bacanora Lithium plc (“Bacanora UK“) and 1976844 Alberta Ltd. (a wholly owned subsidiary of Bacanora UK) pursuant to which Bacanora UK will indirectly acquire the entire issued share capital of Bacanora Canada (the “Bacanora Canada Shares“) in exchange for new shares in Bacanora UK (“Bacanora UK Shares“) to facilitate the Company’s proposed reorganisation to effect a re-domicile to the United Kingdom (the “Re-Domicile” or the “Transaction“). In connection with the Re-Domicile, Bacanora UK will apply for admission to trading of its Bacanora UK Shares on the AIM market of the London Stock Exchange (“AIM“). Upon the admission of Bacanora UK Shares to trading on AIM, Bacanora Canada intends to delist the Bacanora Canada Shares from the TSX Venture Exchange (the “TSXV“) and cancel the admission to trading of the Bacanora Canada Shares on AIM.

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